Credit
The ability to borrow money
What is Credit?
The safest place to keep your money
What is the bank?
The amount of money you still owe on a loan is called this
What is balance?
This type of insurance helps pay for visits to the doctor
What is health insurance?
The ability to withdraw money
What is Debit?
This account is specifically used to store money for later use
What's a savings account
make minimum payments on all debt accounts
What is Debt Avalanche?
The amount you pay every month to keep your insurance active
What is a premium?
The amount of times you should get a credit report
What is annually?
Saving for big things like a car or college falls into this goal type
What are long-term goals?
Contribute any additional money towards the lowest balance account
What is Debt Snowball?
This is the amount you pay out of pocket before your insurance starts to kick in
What is a deductible
A good credit score
What is 670-740?
A savings fund set aside for unexpected expenses
What is an emergency fund?
This extra money you owe plus the amount borrowed is how lenders make profit
What is interest?
This coverage pays for repairs not caused by another person
What is comprehensive coverage?
Loans that are guaranteed by a form of collateral
What is Secured Credit?
This is a type of Savings where you promise to leave your money untouched for a set time in exchange for higher interest
What is a certificate of deposit (CD)?
America's largest debt
What are Student Loans?
Your history of accident or tickets
What is your driving record?